₦airaland Forum

Olasco93:
Akoko Edo LGA to be precise... It shares boundry with ONDO and KOGI state, and it's dominated by yoruba speaking settlers since time immemorial.

You're correct. Does not make them less Edo... just dont share the same dialect with other tribes in Edo Land, who can actually understand each other to some extent.

TayserMahiri:
Please correct me where am wrong.

I notice you are quite good in coding. But where are the calculations?

updated @ https://www.nairaland.com/3327789/kenya-ahead-nigeria-all-aspect/317#55366226

TayserMahiri:
Once again I used your favorite WB statistics, if I provided others you would give up on Nigeria.

http://data.worldbank.org/indicator/FB.CBK.BRCH.P5

Here you go
Commercial bank branches (per 100,000 adults)

You are wrong. It's one thing to cite a statistic and another to understand it and apply it with the least bias possible.

@TayserMahiri Please follow these calculations for future reference

Total population Nigeria: 182,201,962
Total population Kenya: 46,050,302

Total Nos of banks(thousands) Nigeria: 5.5
Total Nos of banks(thousands) Kenya: 5.7

Total nos of banks is calculated as follows : (number of institutions + number of branches)*100,000/adult population

Now for reality, not statistical misappropriations.

Nigeria: 182,201,962/100,000 = 1822 i.e 1822 groups of 100,000 Nigerian's
Kenya: 46,050,302/100,000 = 460 i.e 460 groups of 100,000 Kenyan's

Total Number of banks:
Nigeria = 22
Kenya = 42 (3 Nigerian)

Bank deposit as % of GDP
Nigeria = 17.9(2014)
Kenya = 36.4 (2014)

GDP
Nigeria: 570B USD (2014), where bank deposits is 92.5B USD i.e 17.9% of Nigeria's GDP
Kenya: 61B USD (2014), where bank deposits are 22.2B USD i.e 36.4% of Kenya's GDP

GDP per capita
Nigeria: 1,098 USD
Kenya: 658.7 USD

It's not the Nos of banks but how much are in it's vaults, how much profit it can generate, thereby returning taxes, how much it can borrow out to investors and finance and how much flows through it's books, thereby increasing service fees.

Kenya has more bank branches but its banking halls are empty , Nigeria is vice versa. Increasing the nos of branches only increases cost of operation and also increase cost of business to customers as they have to bear the cost.

See marvis

https://s27.postimg.org/503h20oib/giphy.gif